Page 63 - Insurance
Bajaj Allianz Life Insurance joins hands with PolicyBazaar.com
According to a recent study, online insurance market reportedly stands at Rs 700 cr
 "Bajaj Allianz Life Insurance joins hands with PolicyBazaar.com")
Irda launches long-term insurance for 2-wheelers
Products may become cheaper since prices would not be revised during entire policy term
 "Irda launches long-term insurance for 2-wheelers")
Basel-III bonds see tepid response from insurers
Regulatory officials say they are examining the issue of investing in tier-I capital
 "Basel-III bonds see tepid response from insurers")
Micro-insurance products may be overhauled
Better remuneration to distributors and policies with bigger ticket-size could boost sale
 "Micro-insurance products may be overhauled")
Tata AIG launches three new health products
While MediPlus is a smart and affordable top-up health Policy, MediSenior is a health cover for senior customers and MediRaksha is a basic medical insurance plan
 "Tata AIG launches three new health products")
LIC premium collection share at 73%
Total premium collected by all life insurance cos during 2011-12, 2012-13 and 2013-14 was at Rs 8.88 lakh cr
 "LIC premium collection share at 73%")
Apollo Munich launches Optima Vital, Optima Super
Optima Vital offers 100% lump-sum pay out on detection of any of the 37 critical illnesses
Irda launches insurance services through CSCs
To encourage insurance penetration in rural areas IRDA issued guidelines or utilising the CSC network in India in 2013
Insurance employees' union oppose FDI
IEU plans to request important personalities and opinion makers to write to Finance Minister opposing this move
 "Insurance employees' union oppose FDI")
Health insurance products get bigger, better
With added features, prices to go up by 10-20 per cent
 "Health insurance products get bigger, better")
Insurance IPOs still 2-3 years away
Many procedural issues remain, apart from prior agreements with Indian partners in JVs
Magma HDI General Insurance turns profitable in seven quarters
Aims for Rs 500 cr premium income in FY15
Max Bupa launches new edition of Heartbeat product
The plan has new features like international cashless treatment for nine major critical illnesses, worldwide emergency medical evacuation
HDFC, Birla Sun, Reliance Life top Irda's unfair biz chart
These complaints relate to alleged 'selling of (life insurance) policies by making false lucrative offers'
 "HDFC, Birla Sun, Reliance Life top Irda's unfair biz chart")
Indian insurers likely to collect Rs 427-cr online premium in FY15: R K Nair
Says there is a huge opportunity for insurers as many people are still excluded from insurance bracket
 "Indian insurers likely to collect Rs 427-cr online premium in FY15: R K Nair")
Child covers to make a bigger comeback
Children's plans are offered both as traditional and unit-linked
 "Child covers to make a bigger comeback")
Higher FDI limit: Insurers might attract inflows up to $3.5 bn
The Cabinet on Thursday approved the hike in FDI cap from 26 per cent to 49 per cent through the FIPB route
 "Higher FDI limit: Insurers might attract inflows up to $3.5 bn")
Salman-starrer Kick insured for Rs 300 cr
The production package policy covers all film and set-related incidents
 "Salman-starrer Kick insured for Rs 300 cr")
DND forces insurers to go online for sales lead
Direct sales personnel used to bring 50-60 per cent of direct sales
Malaysia Airlines tragedy to impact aviation insurance
Premium rates in war-risk category likely to go up, say experts
 "Malaysia Airlines tragedy to impact aviation insurance")
